The closure of physical stores, known as the 'retail apocalypse,' has spread beyond large shopping centers.
Long gone are the days of hanging out at the mall. The closure of physical stores, known as the "retail apocalypse," has spread beyond large shopping centers to spots many would assume would always be there, like corner pharmacy corner stores.
Other suburban staples are shutting down, too. After four decades, Party City is going out of business. Big Lots' president and CEO Bruce Thorn said the agreement "provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand."
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